Narayana Murthy's Infosys makes BIG announcement, to acquire 75% of THIS leading telecom company for Rs 13000000000 to boost..., name is...
Infosys, India's second-largest IT services company, has announced a partnership with Australian telecom and technology giant Telstra to boost its advanced AI capabilities. As part of the deal, Infosys will buy 75 per cent of Versent Group, a wholly owned subsidiary of Telstra, for USD 153 million (around Rs. 1,300 crore). After this, Telstra will keep only 25 per cent of its stake, while Infosys will take full control of Versent's operations.
In a stock exchange filing on August 13, 2025, Infosys said, 'The Board has approved the acquisition of 75 per cent shareholding in Versent Group, one of Australia's top digital transformation solutions providers and a wholly owned subsidiary of Telstra Group.'
Through this deal, Versent Group's expertise in cloud technology and digital transformation will help Infosys strengthen its AI, cloud, data, and digital consulting services.
Infosys said in a press release that the partnership will use its AI platform Infosys Topaz, its cloud service Infosys Cobalt, and the cybersecurity expertise of The Missing Link. The goal is to provide innovative solutions that speed up complete digital transformation for Australian businesses and government organisations. Infosys' previous partnership with Telstra
In 2024, Infosys entered a long-term strategic partnership with Telstra to speed up the telecom company's software engineering and IT transformation, while improving customer experience.
In 2025, this collaboration was expanded with Telstra International to push technological innovation, strengthen leadership in the tech sector, and support Telstra's 'Connected Future 30' strategy. Infosys Q1 Results
In the first quarter, Infosys posted an 8.7 per cent rise in consolidated net profit, reaching Rs. 6,921 crore, compared to Rs. 6,368 crore in the same quarter last year. However, compared to the previous quarter, profit dropped by 1.5 per cent, while revenue increased by 3.3 per cent.
Revenue from operations grew 7.53 per cent year-on-year to Rs. 42,279 crore, up from Rs. 39,315 crore in Q1 last year.
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